Global Base chemicals: Outlook
Base chemicals include petrochemicals, derivatives and other inorganics. These chemicals are produced bulk and sold within the chemical industry. The derivatives of these base chemicals are further used in industries such as textile, agriculture, paper making among others. Application industries of base chemicals such as textile, agriculture and paper making are set to grow over the period of 2016 to 2027 thereby increasing demand for base chemicals over the same period. Furthermore, emerging markets such as China, India, Mexico and Brazil have experienced significant growth in the petrochemical based industries there by increasing the demand for these base chemicals overall. These markets provide a significant potential for the growth in application industries of base chemicals this in turn increase the demand not only for base chemicals in these markets but also for their derivatives. Developed markets such as The U.S., Germany and United Kingdom also offer substantial potential for the growth in this industry due to dominant application industries. Base chemicals such as Sodium Hyroxide, Calcium Hydroxide, Alanine, Ammonia, Glycine and Hydrazine have experienced positive but slow growth in the recent past in developed regions. However, with the improvement in economic conditions in developed markets as well as booming emerging markets the size of Base Chemicals Market is expected to grow high.
Emerging economies: the Prime Targets
Although China is one of the largest markets for base chemicals, it manufactures these chemicals with an export orientation. However, rapid developments in application industries in China over the next decade will provide higher yields for the manufacturers of base chemicals in China. Rising per capita disposable income in the middle class families in emerging markets are expected to drive the growth in application industries such as agriculture, textiles and paper making, this in turn will increase the demand for base chemicals in these markets. Currently, Europe is the largest consumer of base chemicals due to dominance of chemical based industry
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Report on Base Chemicals Market
Report published by market research future on base chemicals market provides comprehensive analysis of the base chemicals and its derivatives. The detailed analysis of derivatives and their applications help the manufacturers of base chemicals and their derivatives take strategic decisions, it will also help the applications industries to backward integrate and plan productions based on raw material supply.
Segmentation by Type
- Sodium Hydroxide
- Calcium Hydroxide
- Alanine, Ammonia
- Glycine and Hydrazine
- Pulp & paper
- Soaps and detergents
- Food and other
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